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The origins of Sumitomo's corporate philosophy go back 350 years, to when Masatomo Sumitomo wrote Monjuin Shiigaki.
In Masatomo's later years, he lived in a hermitage, leading a life both priestly and worldly. In letters and other writings, he offered instructions to his family and followers of "Priest Masatomo" on how to do business and how to live a good life.
Monjuin Shiigaki consists of five articles, plainly communicating the rules of business. These teachings have been handed down as family precepts among the Sumitomo.
Based on these precepts, in 1891 two articles were prescribed as Sumitomo's operational rules, shown below:
 1.Sumitomo shall achieve strength and prosperity by placing prime importance on integrity and sound management in the conduct of its business.
2.Sumitomo shall manage its activities with foresight and flexibility in order to cope effectively with the changing times.
Under no circumstances, however, shall it pursue easy gains or act imprudently.
These articles are still being observed as corporate principles at all Sumitomo Group companies. |
